Significant events and transactions
In the second quarter of 2025, HHLA’s group of consolidated companies was expanded to include the fully consolidated company hubload GmbH, Hamburg, Germany, founded on 23 April 2025. It was assigned to the Logistics segment.
A share purchase and transfer agreement for Eurobridge Intermodal Terminal LLC, Svoboda, Ukraine, was signed on 29 April 2025. The transaction was completed on 5 September 2025 (date of acquisition). The company was included in HHLA’s group of consolidated companies as a fully consolidated subsidiary in the third quarter of 2025. It has been assigned to the Intermodal segment.
On 28 December 2020, HHLA concluded two agreements related to space leased by HHLA from HPA in the O’Swaldkai terminal. Due to the expiration of the original lease at the end of the second quarter, it was agreed in June 2025 to extend the lease until 2049 with a corresponding adjustment to the present value of the lease payments for the duration of the amended lease. These effects are detailed in the balance sheet analysis.
As announced in an ad hoc disclosure on 27 October 2025, the Executive Board of HHLA has decided to adjust its full-year guidance for the current financial year. The move was in response to increased global economic uncertainties, particularly due to US trade policy, as well as to ongoing supply chain disruptions in combination with extensive modernisation measures to automate the Hamburg port facilities. As a result, growth in both volumes and earnings for the financial year 2025 is expected to be less strong. As operational and investment measures are to be adapted flexibly to the rapidly changing environment, the Executive Board has also suspended its multi-year forecast for the time being. All other disclosures made in the combined management report for 2024 regarding the expected course of business in 2025 continue to apply. Business forecast
There were no other significant events or transactions in HHLA’s operating environment or within the Group during the reporting period which had a significant impact on its results of operations, net assets and financial position.